Steve Rai - Dec 21, 2022 Form 4 Insider Report for BLACKBERRY Ltd (BB)

Role: Chief Financial Officer
Signature: /s/ Fraser Deziel, Attorney-in-Fact for Steve Rai
Stock symbol: BB
Transactions as of: Dec 21, 2022
Transactions value $: -$23,212
Form type: 4
Date filed: 12/22/2022, 06:58 PM
Previous filing: Sep 27, 2022
Next filing: Jan 5, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BB	Common Shares	Options Exercise		+11.7K	+30.59%		50K	Dec 21, 2022	Direct	F1, F2
transaction	BB	Common Shares	Sale	-$23.2K	-6.65K	-13.29%	$3.49	43.4K	Dec 21, 2022	Direct	F3, F4, F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	BB	Restricted Share Units	Options Exercise		-11.7K	-50%		11.7K	Dec 21, 2022	Common Shares	11.7K		Direct	F1, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each unit represents a contingent right to receive one common share or an equivalent amount of cash, or a combination of the two, at the discretion of BlackBerry Limited.
F2	Includes 1,998 shares acquired under the Company's Employee Stock Purchase Plan on September 30, 2022.
F3	Sales to cover withholding taxes upon vesting of Restricted Share Units ("RSUs")".
F4	The price reported was converted from Canadian dollars to U.S. dollars using the Bank of Canada exchange rate on the transaction date.
F5	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.39 to $3.65, exclusive of any fees, commissions or other expenses. The Reporting Person undertakes to provide BlackBerry, any shareholder of BlackBerry, or the Staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F6	This award was granted on December 21, 2020 and, assuming continued employment through the applicable vesting date, vests in three equal annual instalments ending December 21, 2023.